(The Center Square) — Lawmakers in the Florida Legislature are considering ... decide whether lawmakers can provide two $25,000 ad valorem tax exemptions and limit the increase in annual ...

The passage of this amendment would have removed provisions that kept the City Council from using ad valorem property taxes at a millage rate that would cause the budgeted revenues to increase ...

An ad valorem tax is calculated based on the value of an item of property such as real estate or personal property. The Latin phrase ad valorem means "according to value." Ad valorem taxes are ...